Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price bull market could extend by 5% and why ETH could rise to $2,500
EXCHANGE NEWS

Ethereum price bull market could extend by 5% and why ETH could rise to $2,500

By Crypto FlexsDecember 5, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price bull market could extend by 5% and why ETH could rise to ,500
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is rising above the $2,200 resistance level. ETH is up over 8% and may continue to rise towards the $2,500 resistance in the coming days.

  • Ethereum is picking up speed and recently broke above the $2,250 resistance level.
  • The price is trading above $2,200 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,225.
  • A break above the $2,275 resistance area could extend the rally.

Ethereum price follows Bitcoin

Ethereum price started a major rally above $2,000, similar to Bitcoin. ETH cleared many hurdles near $2,120 to enter positive territory. Prices surged above the $2,200 level to set the stage for a bigger increase.

A new multi-month high was made around $2,275 and the price is currently on an upward trend. There was slight movement below the 23.6% Fib retracement level of the upward move from the $2,148 swing low to the $2,275 high. However, Ethereum is still trading above $2,200 and the 100-hour simple moving average.

Additionally, on the hourly chart of ETH/USD, there is a major bullish trend line forming with support near $2,225. Meanwhile, the price is finding resistance near $2,250.

Source: ETHUSD on TradingView.com

The next major resistance is near the $2,275 level. A clear break above the $2,275 area could push the price towards the $2,320 level. The next resistance level is $2,350. Any more profits could start a wave towards the $2,500 level.

Are Dips limited to ETH?

If Ethereum fails to clear resistance at $2,250, a downward correction could begin. Initial support for the downside is near the $2,220 level and trendline.

The next major support is $2,175, or the 76.4% Fib retracement level from the $2,148 swing low to the $2,275 high. Key support is currently near $2,150 or the 100-hour simple moving average. A sustained decline below $2,150 could begin a steady decline. Key support is currently at $2,080, and a break below this level risks a near-term decline towards the $2,020 level.

technical indicators

Hourly MACD – ETH/USD MACD is losing momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now above the 50 level.

Key Support Level – $2,175

Key Resistance Level – $2,250

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best visa stable coin encryption card

August 1, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

Ether Leeum price rises

July 23, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025
Most Popular

Bitfinex Alpha | Bitcoin ETF flows continue to lead the market.

February 5, 2024

Bitcoin Rise Along with Stocks as US Inflation Nears Fed’s 2% Target

July 28, 2024

5 Best Cryptocurrencies with Huge Profit Potential in April

April 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.